The Big Take
‘Trumpette’ Billionaire Rinehart Wins Big From Rare-Earths Fight
Australia’s richest person Gina Rinehart, who happens to be a fan of Donald Trump, is profiting from the push to reduce global reliance on China’s minerals supply chain.
Photo Illustration by Mark Harris; Photos: Getty, Alamy
Half a world away from the White House and its strategic-minerals spat with China, an Australian Trump devotee has emerged as one of the dispute’s most emphatic winners.
From her base in Perth on Australia’s remote western seaboard, Gina Rinehart has amassed the world’s largest portfolio of rare-earth element investments outside of China, more than two decades after making her first fortune in the raw-material supply chain for steel.